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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises a approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company is undertaking a 500,000-meter drill program at Queensway.


TSXV:NFG - Post by User

Comment by megacopperon May 22, 2021 11:08pm
262 Views
Post# 33254863

RE:RE:RE:Gold Gold and more Gold

RE:RE:RE:Gold Gold and more Gold

diabase1 wrote: Megacopper, I found a magnetic map. Looking through the NFG Presentation, I noticed the mineralized trends in Lotto are NS, at a 45* to the Appleton Fault, while the mineralized trends for Keat are NE-SW heading for the Appleton Fault. Check the Presentation. To me, this looks like gold mineralization is in the splay faults off the Appleton Fault.

 

Ok thanks. I think you are correct on the splay faults coming off the Appleton fault. I wonder about SIC's Moosehead property on the other side of Mt. Peyton because the mineralization looks identical over there but it is so far away from the Appleton Fault. Perhaps the Appleton Fault is just a small piece of an even bigger puzzle. I think there are a lot of faults up through this region that allowed the high grade gold to precipitate out into these splay faults. Very unique geology. Great geology for gold right up through this region. I think there will be several more significant gold discoveries by numerous companies. 

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